December 24, 2013

Kazakhstan Launches Bitumen Plant


Kazakhstan has commissioned a new plant for production of road bitumen at Aktau Plastics Plant (Aktau bitumen plant) that was constructed by a group of companies KazMunaiGas.

The company reported that Governor of Mangistau region Alik Aidarbayev, Extraordinary and Plenipotentiary ambassador of China Le Yucheng, representatives of the Ministry of Oil and Gas of Kazakhstan and KazMunaiGas JSC, the management of CITIC Group company, Caspi Bitum JV LLP and other partner companies participated at the event.


"Our plant can almost completely cover the needs of the country in bitumen. This is a joint project of the KazMunaiGas National Company and the Chinese company CITIC Group," Chairman of the Kazakhstan Petrochemical Industries JSC Dauletkerey Ergaliev said.

The plant will produce about 400,000 tons of oxidized and 120,000 tons of modified road bitumen, as well as 15,000 tons of gasoline fraction and 230,000 tons of kerosene and diesel fraction, 220,000 tons of vacuum gas oil.

To avoid the loss of quality of bitumen while transporting it to the asphalt paving place, Aktau bitumen plant provides innovative technology for packing bitumen into a disposable shipping container of two types - Big Bag (1000 kilograms) and plastic bags (40 kilograms).

The use of packed cold bitumen will not only keep the original physicochemical characteristics of the material, but also get savings in asphalt plants by reducing the costs of keeping the molten bitumen in large bitumen storages.
Source- AZERNews

December 5, 2013

Bitumen Production with Low Carbon Footprint

A partnership that plans to build an oilsands refinery northeast of Edmonton says the cost of the project has risen $8.5 billion.

North West Redwater Partnership also said in a news release Wednesday that the startup date for its bitumen upgrader has been pushed back to September 2017 from mid-2016.

When the project was approved in November 2012, the cost was estimated at $5.7 billion.
The partnership, made up of North West Upgrading Inc. and Canadian Natural Upgrading Limited, a wholly owned subsidiary of Canadian Natural Resources Limited (TSX:CNQ), said the higher cost is "due to a combination of cost inflation and the inability to fully capture certain cost savings initiatives."

It also says that it believes the merits of the project are still positive.

The refinery is expected to 50,000 barrels per day of raw bitumen supplied by Canadian Natural and the Alberta Petroleum and Marketing Commission.

"The toll payers believe, that upon successful completion of the project, this refinery will strengthen their organizations through providing a competitive return on investment and by adding 50,000 barrels per day of bitumen conversion capacity in Alberta which will help improve pricing and reduce pricing volatility on all Western Canadian heavy crude oil that they produce or are entitled to market through royalties," the press release said.

"This project will provide a local market for Alberta oilsands production that is not reliant on export pipelines, and a low carbon solution that will ensure that the CO2 footprint of the products produced by the refinery will be among the lowest in the world."

Source -BrandonSun